Question: Please help match the definitions an. /a _ ., Name Matching Questions 89'. Match each of the following terms with the appropriate denitions. ' a.

Please help match the definitions

Please help match the definitions an. /a _ .,
an. /a _ ., Name Matching Questions 89'. Match each of the following terms with the appropriate denitions. ' a. S corporation . b. Mutual agency 'f'r'b'm was 99 Partnership Unlimited liability of partners Partnership contract C corporation General partner Limited liability partnership Statement of partners' equity Limited partnership . 1. A nancial statement that shows total capital balances at the beginning of the ' period, any additional investment by partners, the income or loss of the period, the partners' withdrawals, and the ending capital balances. . A partnership that has two classes of partners, limited partners and general partners. Limited partners have no personal liability beyond the amount they invest in the partnership, and have no active role except as Specied in the partnership agreement. A partnership that protects innocent partners from malpractice or negligence claims resulting from the acts of another partner. The legal relationship among general partners that makes each of them responsible for paying the debts of the partnership if the other partners are unable to pay their shares. The agreement between partners that sets terms under which the affairs of the partnership are conducted. ' An unincorporated association of two or more persons to pursue a business for profit as co-owners. . A partner who assumes unlimited liability for the debts of the partnership. The legal relationship among partners whereby each partner can commit or bind the partnership to any contract within the scope of the partnership's business. . A corporation that does not qualify for nor elect to be treated as a partnership for income tax purposes and therefore is subject to income taxes. A. corporation that meets special tax qualications so as to be treated like a partnership for income tax purposes

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